The successful candidate will be responsible for fulfilling a range of essential duties, including performing core tasks, addressing key operational challenges, and contributing to the overall efficiency of the team. They will oversee critical functions, manage specific projects, and ensure adherence to established protocols, while also collaborating with cross-functional teams to achieve organizational objectives. Additionally, the role demands a high level of attention to detail, strong problem-solving capabilities, and the ability to prioritize tasks effectively in a dynamic work environment.
Overseeing the Sacco’s Internal Audit, Risk, and Compliance departments, this role executes internal audit functions as a critical element of the corporate governance framework.
Crafting internal audit, risk management, and compliance strategies and manuals that outline detailed procedures and best practices.
Crafting, deploying, and periodically evaluating the internal audit charter constitutes a core responsibility.
Comprehensive audit programs and plans are developed to encompass all activities and programs within the scope of the audit function.
Evaluate the institution’s disaster recovery and incident management protocols, providing strategic recommendations to senior leadership on opportunities for enhancement.
Performing timely internal audits focused on risk assessment and providing guidance to the board of directors on all audit-related concerns.
Evaluating the dependability and accuracy of financial and operational procedures, as well as adherence to established policies.
Efficient and effective management of the Sacco’s resources is essential to maximize economic benefits and operational performance. This role requires strategic allocation and utilization of available resources to ensure optimal financial returns and sustainable growth. The incumbent must demonstrate a commitment to prudent financial stewardship, ensuring every resource is leveraged to support the organization’s objectives while maintaining fiscal responsibility.
Delivering actionable strategies to optimize operational efficiencies and strengthen internal control frameworks.
Evaluate and oversee financial, operational, and strategic risks to ensure proactive identification and mitigation.
Design and oversee a comprehensive risk management framework to ensure organizational resilience and compliance with regulatory standards.
Provide strategic guidance to senior leadership on approaches to minimize and manage potential risks effectively.
Track risk indicators vigilantly and facilitate prompt reporting maintaining oversight and compliance.
Ensure that SACCO operations fully adhere to all SARA regulations, by laws, and applicable statutory obligations.
Perform compliance audits, ensuring adherence to regulatory requirements and internal policies, and monitor the implementation of corrective measures to address any identified discrepancies.
Monitor regulatory developments closely and provide strategic recommendations to senior leadership to ensure compliance and informed decision-making.
Implement training programs to ensure all employees understand and adhere to compliance regulations and ethical guidelines.
Offer administrative and organizational assistance to the Audit and Supervisory Committees to ensure efficient operations.
Engage actively in the development and implementation of strategic plans and organizational policies.
Provide strategic guidance to leadership regarding governance and control matters.
Establish a workplace environment rooted in accountability and transparency.
To detect potential fraudulent activities or misconduct, diligently observe and analyze patterns, transactions, or behaviors that may indicate irregularities or violations.
Investigations are conducted to identify root causes, and recommendations for preventive actions are subsequently developed.
Develop and execute initiatives focused on fraud awareness and detection to mitigate risks and enhance security measures within the organization.
Minimum Qualifications:
Bachelor’s degree in a relevant field or equivalent work experience is required. A minimum of three years of professional experience in a related industry is necessary. Proficiency in industry-standard software and tools is essential. Exceptional problem-solving skills and the ability to work independently are crucial. Strong communication abilities, both written and verbal, are mandatory. Prior leadership or project management experience is preferred. Familiarity with regulatory compliance and quality assurance standards is beneficial.
A degree in Commerce with a specialization in Accounting—or an equivalent field—along with a Certified Public Accountant (Kenya) certification or an Association of Chartered Certified Accountants qualification is required.
CISA (Certified Information Systems Auditor) and CFE (Certified Fraud Examiner) credentials are highly desirable.
Preferable selection includes individuals who are active members with IC PAK or a comparable professional organization.
Seeking a candidate with at least five years of comprehensive audit experience, ideally within a high-volume environment such as a Sacco or financial institution.
Proficient in implementing SARA regulations and adept at applying risk management frameworks.
Demonstrates proficiency in critical skills and essential competencies to excel in the role, including strong analytical abilities, effective communication, and adept problem-solving. Exhibits a deep understanding of industry standards and best practices, ensuring alignment with organizational goals. Possesses robust organizational and time-management skills to prioritize tasks efficiently. Maintains adaptability in dynamic environments while fostering collaborative relationships with stakeholders. Shows commitment to continuous learning and professional growth to stay current with evolving trends.
Proficient in utilizing various computer applications, with a particular emphasis on accounting software and systems.
Have established a proven track record of excellence in auditing, showcasing strong analytical skills and a keen eye for detail.
Proficiency in multiple Sacco software systems is a beneficial qualification.
A thorough understanding of the regulatory frameworks established by Sacco Societies Regulatory Authority (SARA) and other pertinent stakeholders is required.
Qualifications
BA/BSc/HND , Professional Certificate
Experience Required
5 years
